Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Colombian Peso/Brazilian Real (FOREX:COPBRL)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for COPBRL
The long term trend has been UP since Oct 23rd, 2017 at 0.001095
The intermediate term trend has been UP since Aug 13th, 2018 at 0.001329
The short term trend has been DOWN since Aug 14th, 2018 at 0.001289
Smart Scan Analysis for COPBRL
Based on a pre-defined weighted trend formula for chart analysis, COPBRL scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).